Report on Purpose of Business Entity - Marks and Spencer

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Added on 2020-06-05

Report on Purpose of Business Entity - Marks and Spencer

Added on 2020-06-05

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BUSINESSENVIRONMENT

Report on Purpose of Business Entity - Marks and Spencer_1

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1Background of organisation........................................................................................................1Issues faces by Marks and Spencer ...........................................................................................2Impact of these forces on the organisation..................................................................................4Policy action taken for the key stakeholders...............................................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7

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INTRODUCTIONBusiness environment includes all the factors which may have direct or indirect impacton the working of organisation. These factors can be internal or external. Internal factors includesuppliers, employees, clients, etc. Political, economic, technology, etc. come under externalfactors. It is necessary for organisation to pay special attention on these factors so that it mightnot have negative impact on the workplace (Hamilton and Webster, 2015).In the current report, Marks and Spencer is taken into account. The report will givedetailed study on the type purpose of business entity and will discuss nature of environment inwhich it works. Impact of different forces will also be mentioned in the report. Importance ofstakeholders and policy regarding them are also there. Background of organisationMarks and Spencer is leading retailer company established globally in more than 10countries all over the world with more than 500 stores. In UK alone company has more than 900stores.Marks and Spencer is a private Ltd firm working in the retail industry. It means thatmajor shares of company are sold or traded to the public. Company specialise in sellingluxurious food product, home product and clothing and provide best services to their customer.Providing the best customer experience has become part of its brand. Their main aim is toprovide there customer with luxury product in affordable price. Organisational structure:Organisational structure is a system which outline the various rules and regulation thatdecide how the work, roles and responsibility are delegated and controlled in organisation. It isalso responsible for the way an information is flowed in organisation. For organisation to achievethere desired goals and objective need to combined the effort of each individual in organisationfor this each individual are divided into group according the requirement and specialisation(Wetherly and Otter, 2014). Organisational structure is necessary for the smoother working.There are two type of structure first flat structure and other tall structure. Flat structure does nothave many layer of management and crucial decision are taken by the highest authority of firm.Tall structure have many levels of hierarchy and power is delegated between this level1

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Report on Purpose of Business Entity - Marks and Spencer